Icon Advisers Inc. Co. Buys Shares of 17,231 ProShares Ultra Basic Materials (NYSEARCA:UYM)

Icon Advisers Inc. Co. bought a new stake in ProShares Ultra Basic Materials (NYSEARCA:UYM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,231 shares of the company’s stock, valued at approximately $1,028,000. Icon Advisers Inc. Co. owned about 2.30% of ProShares Ultra Basic Materials as of its most recent SEC filing.

Separately, Envestnet Asset Management Inc. purchased a new position in ProShares Ultra Basic Materials in the second quarter valued at about $468,000.

UYM traded up $1.82 during midday trading on Friday, reaching $52.17. The company had a trading volume of 2,200 shares, compared to its average volume of 7,233. ProShares Ultra Basic Materials has a 12-month low of $41.70 and a 12-month high of $73.50. The business has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $56.16.

ProShares Ultra Basic Materials Profile

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.

Further Reading: Average Daily Trade Volume – What You Need to Know

Institutional Ownership by Quarter for ProShares Ultra Basic Materials (NYSEARCA:UYM)

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